Question: CASE RECEIVABLE NOTES (LN4) On September 1, 2014, Dougherty Corp. received a six-month, 7%, $45,000 interest-bearing note from Rozelle Company for payment of accounts receivable.

CASE RECEIVABLE NOTES (LN4) On September 1, 2014, Dougherty Corp. received a six-month, 7%, $45,000 interest-bearing note from Rozelle Company for payment of accounts receivable. Dougherty's end of the year is December 31st. Rozelle pays the note and interest on the due date. Requested: 1. Who is the maker (maker) and payee (payee) of the note? 2. What is the maturity date of the note? 3. Prepare all necessary journals that Dougherty needs to make in connection with the notes

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